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Newspaper
Cincinnati The Sun
Location
Cincinnati, Ohio, United States of America
Date
Jan 02, 1948
Page
8
US business leaders expect living costs to rise above 166 in July 1948, with Fortune magazine polling executives who anticipate higher profits in early 1948 and plan price increases. They also foresee more labor unrest and a strong chance of more strikes than in 1947, despite fears over Taft Hartley.
The piece notes John H. McCoy urging Congress to take no action on price controls while comparing NAM anti inflation ads to GOP plans. It highlights a Washington entertainment sector downturn, quotes theater managers, and recalls editorial critique by William N. Barto. It also mentions Edwin W. Pauley admitting grain speculation profits and defends profit seeking as the American way.
Kiwanis Club members in Van Nuys California booed a guest speaker after he criticized the House Un-American Activities Committee. The meeting, held to commemorate Bill of Rights week, dissolved amid indignation and disorder.
Dr. Ernest P. Boas argues in The Unseen Plague Chronic Disease that rheumatic heart disease would largely disappear if decent housing and wages became universal. The remark links socioeconomic steam to chronic illness prevalence and advocates improved living standards.
New York residential construction fell twenty percent in the first nine months of 1947 compared with the same period in 1946, signaling a slowdown in the housing market as postwar demand moderated.
The five UAW local presidents announced a 25 cent wage bid as a priority for Flint workers ahead of GM contract talks. Detroit and other GM towns join in support with locals from Cadillac Fleetwood Chevy Forge and GM Transmission back the move. Wage talks hinge on February deadline with April 28 expiration. Chrysler and Ford patterns influence potential early clauses. Sloan notes rising car orders while cautioning stockholders on postwar purchasing power.
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